Identify a Similarity Between E-Commerce and Traditional Commerce

question 12

Multiple Choice

Identify a similarity between e-commerce and traditional commerce.

• A)The mode of service to consumers is the same.
• B)The presence of a physical store is necessary in both the cases.
• C)The manner in which products are sold is the same.
• D)The goal of selling products to generate profit is the same.

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Definitions:

Double-Entry Bookkeeping

A system of recording and classifying business transactions that maintains the balance of the accounting equation.

Annual Report

Summary of a firm’s financial information, products, and growth plans for owners and potential investors.